HK loans down 18%; Real estate leads way in Asia

Hong Kong syndicated loan volume down 18% Y-o-Y

• Sino-Ocean Land Hong Kong has sealed a $693 million facility through joint mandated lead arrangers Bank of China, Bank of East Asia, China Construction Bank, HSBC, Industrial Commercial Bank of China, and Wing Lung Bank. Syndication saw China Merchants Bank, DBS, Hang Seng Bank, and Shanghai Pudong Development Bank join as arrangers. Proceeds are to refinance an existing facility signed in June 2017 and for working capital purposes.

• Hong Kong syndicated loan volume stands at $21.7 billion so far this year, down 18% from $26.6 billion borrowed from last YTD...